Rupert Resources (CVE:RUP) Shares Down 2% – Should You Sell?

Shares of Rupert Resources Ltd. (CVE:RUPGet Free Report) traded down 2% on Wednesday . The company traded as low as C$4.50 and last traded at C$4.52. 30,205 shares were traded during mid-day trading, a decline of 52% from the average session volume of 63,094 shares. The stock had previously closed at C$4.61.

Wall Street Analysts Forecast Growth

Separately, National Bankshares set a C$8.50 target price on Rupert Resources and gave the stock an “outperform” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$8.25.

View Our Latest Research Report on Rupert Resources

Rupert Resources Trading Down 2.0%

The firm has a 50-day simple moving average of C$4.52 and a two-hundred day simple moving average of C$4.52. The company has a market capitalization of C$1.09 billion and a price-to-earnings ratio of -151.74.

About Rupert Resources

(Get Free Report)

Rupert Resources Ltd. engages in the acquisition and exploration of mineral properties in Finland. It primarily focuses on 100% owned Rupert Lapland Project Area including Ikkari discovery and Pahtavaara mine and mill covering an area of 595km2 located in Northern Finland. Rupert Resources Ltd. is headquartered in Toronto, Canada.

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